Category Archives: Economy

US economy adds 313,000 jobs in strong monthly display but wage growth slows

The US added 313,000 new jobs in February – the strongest gain since July 2016 – as the unemployment rate remained steady at 4.1%. The figures from the labor department smashed the 200,000 forecast from economists. But the recovery in wages,

Trump sets steel and aluminum tariffs but exempts Canada, Mexico

U.S. President Donald Trump pressed ahead on Thursday with import tariffs of 25 percent on steel and 10 percent for aluminum but exempted Canada and Mexico and offered the possibility of excluding other allies, backtracking from an earlier “no-exceptions” stance.

‘Trade wars are good,’ Trump says, defying global concern over tariffs

U.S. President Donald Trump struck a defiant tone on Friday, saying trade wars were good and easy to win, after his plan to put tariffs on steel and aluminum imports triggered threats of retaliation from trading partners and a slide

Bitcoin edges lower, then pares some losses, after news that SEC is probing cryptocurrencies

  Bitcoin slipped on Wednesday following news that the U.S. securities and exchange commission is probing the cryptocurrencies market. The Wall street journal reported Wednesday evening ET that, as part of that investigation, the SEC has issued “scores of subpoenas”

Airbnb CEO pledges to take more responsibility for impact to housing

SAN FRANCISCO  – Home-booking company Airbnb has sparred with regulators across the globe, but Chief Executive Brian Chesky on Thursday spoke of coming to terms with his responsibility for how the company can impact housing markets and neighborhoods. “Every year

A massive US farming industry fears China trade trouble

One of America’s biggest farming industries fears it could find itself in China’s cross hairs if President Trump keeps ramping up trade tensions between the world’s two largest economies. China is the world’s biggest buyer of US soybeans. It imported

Is now the time to invest in South Africa?

South African President Cyril Ramaphosa says his country is entering “a new era” following the ouster of his scandal-plagued predecessor, Jacob Zuma. Investors appear to agree. The country’s benchmark stock index has surged 5% since Zuma stepped down late Wednesday.

Apple’s guidance for this quarter could be really bad, BTIG analyst says

  Apple will give a forecast for this current quarter that may be shockingly low, according to a BTIG analyst Walter Piecyk. “Smartphone upgrade rates remain at record low levels and do not appear poised to rebound in the first

Four triggers could cause a huge cryptocurrency crash

        If it’s true that the bigger they are, the harder they fall, then cryptocurrencies have been gearing up for a tremendous decline. But, then again, maybe this is just the start for the great crypto bull

Ackman cuts staff, shuns limelight as he seeks to turn around fund

William Ackman is cutting almost a fifth of staff and looking to lower his public profile as he seeks to turn around Pershing Squera  Capital management after three straight years of losses, people familiar with the move told Reuters on Monday.